Minerals Technologies Inc (NYSE:MTX) Director Robert L. Clark bought 200 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $58.64 per share, for a total transaction of $11,728.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Minerals Technologies stock traded up $1.84 on Friday, hitting $59.89. The stock had a trading volume of 337,987 shares, compared to its average volume of 151,832. Minerals Technologies Inc has a twelve month low of $47.07 and a twelve month high of $80.80. The company has a current ratio of 2.29, a quick ratio of 1.67 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.40 and a beta of 1.93.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, January 31st. The basic materials company reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. Minerals Technologies had a return on equity of 12.82% and a net margin of 9.45%. The company had revenue of $447.50 million for the quarter, compared to the consensus estimate of $452.04 million. As a group, equities research analysts predict that Minerals Technologies Inc will post 5 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Friday, February 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, February 14th. Minerals Technologies’s dividend payout ratio is currently 4.13%.

Separately, Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Friday, February 15th.

A number of large investors have recently modified their holdings of MTX. Quantamental Technologies LLC acquired a new stake in Minerals Technologies during the fourth quarter worth approximately $87,000. Quantbot Technologies LP grew its position in Minerals Technologies by 118.9% during the third quarter. Quantbot Technologies LP now owns 2,704 shares of the basic materials company’s stock worth $182,000 after buying an additional 1,469 shares in the last quarter. Rowland & Co. Investment Counsel ADV grew its position in Minerals Technologies by 7.1% during the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 4,015 shares of the basic materials company’s stock worth $206,000 after buying an additional 265 shares in the last quarter. Jane Street Group LLC acquired a new stake in Minerals Technologies during the third quarter worth approximately $211,000. Finally, Ramsey Quantitative Systems acquired a new stake in Minerals Technologies during the fourth quarter worth approximately $219,000. 94.17% of the stock is currently owned by institutional investors and hedge funds.

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Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

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